BCH, EOS, LTC Price Analysis

Bitcoin Cash (BCH)

The price of Bitcoin Cash has declined from 1183.55 USD to 1009.34 USD in the last 24 hours.

There is a short-term bearish trend line forming with resistance at 1018.63 USD on the hourly chart of the BCH/USD pair.

While the price of BCH has been on a rise for more than an hour, it is likely that the market would remain bearish.

The BCH price against the US dollar has been declining in the last 24 hours. It has broken below the 1113.85 USD, 1097.77 USD, and 1040.10 USD support levels and is dipping further below. The BCH/USD pair is showing signs of growth. However, it is highly unlikely that it would be able to manage to keep it up. BCH might not fall below its current support—978.27 USD—soon.

Hourly MACD – The hourly MACD for BCH/USD is bullish.

Major Support Level – 978.27 USD

Major Resistance Level – 1153.91 USD

EOS (EOS)

EOS has been mostly declining in the last 24 hours.

There is a short-term bearish trend line forming with resistance at 10.88 USD on the hourly chart of the EOS/USD pair.

We predict that the pair would decline further after yet another round of highs and lows—much like it has been doing throughout the day.

The EOS price against the US dollar has been declining in the last 24 hours. It has broken below the 11.99 USD, 11.31 USD, and 10.83 USD support levels and is now seeing a short-term bullish trend. The EOS/USD price would see a certain degree of growth before it declines to a new support level.

Hourly MACD – The hourly MACD for ETH/USD is bullish.

Major Support Level – 10.78 USD

Major Resistance Level – 12.43 USD

Litecoin (LTC)

The price of Litecoin declined sharply against the US dollar in the last four hours.

There is a short-term bullish trend line forming with resistance at 119.84 USD on the hourly chart of the LTC/USD pair.

We predict that the pair would rise further for a while now.

The LTC price against the US dollar has been majorly declining in the last 24 hours. However, in the last four hours, the cryptocurrency has seen a sharp drop in the rates at which the LTC/USD pair was traded.

It was when he was pursuing his graduation in Computer Science that he found his flair for writing about new and existing technologies. He likes researching about technologies and how they could help people. Currently, he works as the Content Manager at CoinFrenzy, a leading blockchain news, and media publication website.

About us

CoinFrenzy provides the latest news on Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Tron (TRX), and many more cryptocurrencies. We also feature interviews with popular people in the industry who bring their revolutionary ideas and products to life to make groundbreaking change.